94TH GENERAL ASSEMBLY
State of Illinois
2005 and 2006
HB1428


 
Introduced 2/10/2005, by Rep. Karen A. Yarbrough
 
SYNOPSIS AS INTRODUCED:
 		













35 ILCS 200/20-26 new










    Amends the Property Tax Code. Provides that when any mortgagee pays the taxes charged on any property, the mortgagee, within 7 business days of the payment, must notify the mortgagor of the property, by certified mail, of (1) the date the taxes were paid, (2) the amount of taxes paid, and (3) which installment was paid. Effective immediately.
















LRB094 08916 BDD 39136 b

















HOUSING AFFORDABILITY IMPACT NOTE ACT MAY APPLY
















 


 


A BILL FOR









 











HB1428

LRB094 08916 BDD 39136 b






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    AN ACT concerning revenue.

 
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    Be it enacted by the People of the State of Illinois,
 
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represented in the General Assembly:


 
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    Section 5. The Property Tax Code is amended  by adding 
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Section 20-26 as follows:
 
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    (35 ILCS 200/20-26  new)
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    Sec. 20-26. Notice of tax payments.  When any mortgagee pays 
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the taxes charged on any property, the mortgagee, within 7 
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business days of the payment, must notify the mortgagor of the 
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property, by certified mail, of the following:
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        (1) the date the taxes were paid;
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        (2) the amount of taxes paid; and
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        (3) which installment was paid.
 

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    Section 99. Effective date. This Act takes effect upon 
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becoming law.